Research in Motion rallies on Goldman upgrade

SteveGelsi

NEW YORK (MarketWatch) -- Research in Motion Ltd.
rimm
jumped 9.7% to $12.18 in premarket trades on Thursday after Goldman Sachs upgraded the BlackBerry maker to buy from neutral. "We expect RIM's results will exceed Street estimates over the next four quarters," analysts said. Goldman analysts said the Jan. 30 launch of the new BlackBerry 10 may offer a positive risk/reward. "We now assess a 30% chance of success for BB10 given positive early reviews, broad-based carrier support, attractive features and interest by carriers and consumers in broadening the field beyond Android/iOS," analysts said. Goldman lifted it 12-month price target on Research in Motion to $16 a share from $9 a share.

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